Grandview Asset Management LLC Has $636,000 Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Grandview Asset Management LLC boosted its position in The Home Depot, Inc. (NYSE:HD) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,735 shares of the home improvement retailer’s stock after acquiring an additional 93 shares during the quarter. Grandview Asset Management LLC’s holdings in Home Depot were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Navigoe LLC bought a new stake in shares of Home Depot during the 4th quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter worth about $32,000. Quarry LP lifted its holdings in shares of Home Depot by 220.0% in the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after acquiring an additional 66 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $39,000. Finally, NewSquare Capital LLC grew its holdings in shares of Home Depot by 200.0% during the 4th quarter. NewSquare Capital LLC now owns 102 shares of the home improvement retailer’s stock valued at $40,000 after purchasing an additional 68 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president now owns 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Fahim Siddiqui sold 2,600 shares of Home Depot stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president now owns 7,951 shares of the company’s stock, valued at $2,919,130.14. This trade represents a 24.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Home Depot Trading Down 1.4%

Shares of HD stock opened at $348.74 on Wednesday. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. The stock has a 50 day simple moving average of $363.01 and a two-hundred day simple moving average of $381.43. The company has a market cap of $346.97 billion, a P/E ratio of 23.66, a PEG ratio of 3.36 and a beta of 1.02.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the business earned $3.63 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. The ex-dividend date is Thursday, June 5th. This represents a $9.20 annualized dividend and a yield of 2.64%. Home Depot’s payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HD shares. Evercore ISI set a $400.00 price objective on shares of Home Depot and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Stifel Nicolaus upgraded shares of Home Depot from a “hold” rating to a “buy” rating and upped their price target for the stock from $405.00 to $425.00 in a report on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on Home Depot from $410.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Mizuho lowered their target price on Home Depot from $450.00 to $435.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada dropped their target price on Home Depot from $424.00 to $399.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $426.77.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.